Firm Size, Innovation, and Market Structure

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The book begins by reviewing the connection between firm size, innovation and market structure from a theoretical and an empirical point of view, with emphasis on the 'complexity' that defines this relationship. It then goes on to build an evolutionary model which explores different Schumpeterian propositions regarding the positive and negative feedback between firm size and innovation as well as the role of idiosyncratic random events on industry market structure. The concluding chapter uses 100 years in the history of the US automobile industry to explore the relationship between market share instability and stock price volatility and the degree to which this relationship is connected to industry specific factors. This innovative new book will prove invaluable to researchers, lecturers and scholars of industrial organisation, technology and market structure.Variance The variance across firm stock prices might be higher in the more stable
(mature) phase of the industry ... high market share, as opposed to an unstable
phase where it is not so clear that high market share today means high ... The full
list, obtained from Standard aamp; Poora#39;s Analyst Handbook, includes (dates in
parentheses refer to the date that the firm started being quoted): Chrysler (18 Dec
.

Title

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Firm Size, Innovation, and Market Structure

Author

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Mariana Mazzucato

Publisher

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Edward Elgar Publishing - 2000-01-01

ISBN-13

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